I have discovered something that could be very interesting. I was analyzing the data from the past 20 years of UsdJpy. I drew the trendline under the last important uptrend in April of 2005. I then transported the trendline to previous important rises through the years. It matched the uptrend perfectly and on the weekly chart the Coral climbed right on it. I then brought the same trendline to today on the daily chart. It is blue on the chart below. I find this pretty amazing. We will know soon if price will respect it, because, as you can see, today´s low is almost exactly on it.
Needless to say, I have loaded up on UsdJpy longs.
If this is the main trendline, it should take us all the way to 120 or so as I expect UsdJpy to reach 120 to 140.
Needless to say, I have loaded up on UsdJpy longs.
If this is the main trendline, it should take us all the way to 120 or so as I expect UsdJpy to reach 120 to 140.
Observation is the path to discovery.